Mr. William White reports

KOMO CLOSES PRIVATE PLACEMENT OF UNITS

Komo Plant Based Foods Inc. has closed a non-brokered private placement, issuing an aggregate of 1,955,702 units at a price of 15 cents per unit. Each unit consists of one common share of the company and one common share purchase warrant. Each warrant is exercisable to acquire one common share of the company at a price of 20 cents per warrant share for a period of 36 months from the closing of the offering. No finders' fees were paid in connection with the issuance.

Of the units issued, $178,556 of debt was converted into 1,189,036 units, including convertible debentures worth $62,000 and past interest due on debentures of $6,355. Gross proceeds of the offering were $115,000 and the use of proceeds is for salaries, manufacturing and selling expenses.

All securities issued pursuant to the transactions noted in this press release are subject to a four-month-and-one-day hold period in Canada from the date of the issuance. Consequently, unless otherwise permitted by applicable securities legislation, the holder of such securities must not trade the securities before such date.

As part of the placement, the president and chief executive officer of the company invested $50,000 for 333,333 units. Also, the Company's chief financial officer converted $52,500 of consulting fee owing to him by the company into 350,000 units. These transactions with officers are considered to be related party transactions as defined under Multilateral Instrument 61-101. The transactions are exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any securities issued to, nor the consideration paid by, these officers exceeds 25 per cent of the company's market capitalization.

About Komo Plant Based Foods Inc.

Komo is a premium plant-based food company that develops, manufactures and sells a variety of plant-based frozen meals that are always hearty, satisfying and made with wholesome ingredients. At Komo, the company's mission is to help make plant-based meals a staple on every dinner table by sharing the company's love for feel-good food that connects the people to the planet. The company believes that plant-based eating is the future and that change can start with a single bite. The company's experienced plant-based innovation and development team recreates vegan versions of traditionally cheesy and meaty classics, with 100 per cent plants. Komo's products are sold direct to consumer through the company's e-commerce website and a distribution network of on-line and bricks and mortar grocery, convenience and natural retailer channels. The company's operating subsidiary, Komo Comfort Foods, launched in 2021 with the company's flagship products: plant-based lasagna, shepherd's pie and chickenless pot pie, and Komo plant-based meal helpers -- versatile meal starters to allow the creation of many dishes at home. Komo's newest product is mac and greens. All of the company's products are 100 per cent plant based, made with wholesome ingredients, free from preservatives and frozen for freshness. Freezing products is a natural and effective way of keeping food products for longer without having to use any preservatives. Komo's meals have an 18-month frozen shelf life.

We seek Safe Harbor.